Get a loan credit without proof:
Whether it takes the form of a personal loan or a revolving credit, this type of credit gives you complete freedom like your expenses, without the need to justify. Although its advantages are numerous, they meet a certain number of conditions that we propose to you to discover in this guide.
What is payday loan credit without proof?
It is a type of credit (revolving credit or personal loan) that allows the borrower to make purchases or projects of his choice when he wishes (within the limit of the available amount of his credit for the revolving credit), and without having to justify its expenses to its credit institution when applying for a loan. He is therefore opposed to the credit allocated which is dedicated to the financing of a specific project, clearly defined regarding the contract.
Adapted to unforeseen expenses and the financing of small and large projects, this type of credit allows you to have cash of up to 35 000$, according to your needs and according to the nature of the credit subscribed.
The benefits of credit without proof are numerous:
- 24-hour access to its available throughout the contract and for any expenses;
- The ability to repay at your own pace
- The possibility of renewing the loan (in the case of revolving credit);
- Fast acceptance times if the conditions are met.
In short, it is the solution favored by many individuals looking for a credit adapted to their projects: from the purchase of everyday consumer goods (car, home appliances, appliances, leisure, etc.) to other types of expenses (work, wedding, vacation, etc.).
Types of credits without proof
There are two major types of unsupported credits. Each of them responds to different needs and profiles of borrowers: revolving credit and personal loan. Here are their specificities in detail.
The specificities of revolving credit
Appropriate for your occasional money needs, unforeseen daily expenses and the financing of all your small projects, the revolving credit allows you to access a capital available whose amount can vary from 500$ to 6000$.
The amount of the monthly repayment of a revolving credit varies according to the amount of the loan, the interest rate and, if applicable, the repayment speed chosen by the borrower. If insurance has been taken out, the repayment term increases while the amount of the maturity remains unchanged. As its name indicates, this type of credit can be renewed each year, at the end of the contract. Thanks to its high flexibility, the revolving credit also allows the borrower to rebuild a capital over time,
The specifics of the personal loan
The personal loan is intended for individuals who wish to benefit from cash (up to 35 000 €), for the financing of a project requiring a more significant investment: purchase of a car, organization of marriage, the realization of work in a house, etc.
This custom credit also allows greater flexibility, offering you the possibility to adjust the number of your monthly payments according to your repayment capacity. Finally, the fixed interest rate of this type of loan is generally much better than that of a revolving loan.
The conditions of acceptance
If you are free to use your credit without proof as you wish, the approval of your file nevertheless requires some guarantees. As with any loan application, the person who wants to take advantage of a loan must be able to prove his ability to repay it. The conditions of acceptance vary depending on the type of credit (personal loan or revolving credit), the amount requested and the terms of repayment chosen.
Here are some situations of supporting documents that may be requested following a request for a personal loan or a revolving loan:
- Photocopy of your identity document;
- Recent payslips (if you are an employee)
- Last tax notice (if you are self-employed or retired);
- Your bank account statement;
- Proof of address.
- Acceptance deadlines
When you apply online for credit, you will get a policy answer within 10 minutes. Note that this does not mean that your file is accepted.
After receipt of the completed, dated and signed contract documents and the required supporting documents, your file will be reviewed by your credit institution. The latter will then be able to provide you with a decision on whether to accept your loan application. Note that this delay may vary depending on the nature of your request.